KUALA LUMPUR, Aug 8 — Malaysia’s wholesale and retail trade grew 5.4 per cent year-on-year (y-o-y) in June 2024, to register sales of RM146.0 billion, according to the Statistics Department Malaysia (DOSM).
Chief Statistician Datuk Seri Mohd Uzir Mahidin said the rise was driven by the retail trade sub-sector, which rose 7.9 per cent to record sales of RM64.1 billion.
Wholesale trade was up by 4.0 per cent to register RM64.9 billion, followed by motor vehicle sales with an increase of 2.0 per cent to settle at RM17.0 billion.
"On a monthly comparison basis, wholesale and retail trade experienced a slight 1.3 per cent decline against May 2024, due to motor vehicle sales which fell 9.4 per cent," he said in a statement today.
For the second quarter of 2024 (2Q 2024), wholesale and retail trade rose by 6.4 per cent, underpinned by the retail trade sub-sector which rose 7.4 per cent to RM191.8 billion.
"This was followed by wholesale trade which grew 4.5 per cent to RM193.8 billion. The motor vehicle sub-sector also recorded a 9.9 per cent growth to reach RM53.1 billion," Uzir said.
The Internet retail sale index grew 4.8 per cent y-o-y in June 2024, but the pace of growth moderated against May 2024’s 5.2 per cent.
In a separate statement, Uzir said the 2Q 2024 wholesale and retail trade volume index registered a 4.9 per cent growth y-o-y to reach 155.4 points.
The rise was due to a 9.0 per cent growth in the motor vehicle sub-sector to 132.0 points, followed by retail and wholesale trade, which increased 5.5 per cent and 3.1 per cent, respectively.
"The seasonally adjusted volume index for wholesale and retail trade rose 5.3 per cent versus 1Q 2024, supported by motor vehicles (26.7 per cent), retail trade (5.0 per cent), and wholesale trade (3.1 per cent),” he said.
— Bernama
